Tesla to Merge with SolarCity

Tesla Motors announced that it reached an agreement to acquire solar energy company SolarCity for approximately $2.6 billion.

The deal, which brings together two money-losing companies, requires the approval by holders of a majority of the total votes of shares of SolarCity common stock not owned by Tesla CEO Elon Musk and other directors and executives of Tesla and SolarCity.

The combined company will offer a unique combination of solar, storage and transportation options and boast a workforce of some 30,000 people. The deal will vertically integrate Tesla’s battery-storage business with a solar panel company and attempt to build on Tesla’s greater name recognition and retail presence.

Musk owns over 20% of both companies and their largest shareholder. SolarCity stockholders would receive 0.11 share of Tesla for each share of SolarCity, valuing them at $25.83 apiece, based on Friday’s closing prices.

Finding a quiet corner in London is near impossible but in Marble Arch, a neighborhood replete with great shops and restaurants, the Arch London is a boutique property that evokes a quiet oasis a world away from the hustle and bustle of the capital city. Madonna and the Beatles seemed to think so too, as the former’s London abode is across the street. Nearby is a home purchased by Ringo …

Those who travel by air during the winter have undoubtedly seen this unusual dance before: trucks circling the aircraft spraying a strange orange-colored fluid, while passengers peer through the plane’s windows.
As your aircraft pushes back from the gate, you probably hear the captain announce, “Well folks, we’re just making a quick stop for deicing, and then we’ll be off.”
Deicing prevents a build-up of snow and ice on the plane’s wings …